Hobby & Leisure market in South Korea

The South Korean Hobby & Leisure eCommerce market is predicted to reach US$13,105.6 million by 2024 and accounts for 11.4% of the total eCommerce market in South Korea. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 0.3%, resulting in a projected market volume of US$13,273.8 million by 2028. Within the Hobby & Leisure market ECDB considers the following twelve sub-markets: Media, Sports Equipment, Stationery, Crafts & Art Supplies, Pet Supplies, Toys, Bullion & Precious Metal, Camping & Adventure, Musical Instruments, Flowers & Gifts, Other Hobby & Leisure, Erotic & Adult, and Smoking Supplies.

Monthly revenues

Monthly eCommerce revenues in the South Korean Bullion & Precious Metal market

The monthly eCommerce revenue of the South Korean Bullion & Precious Metal market was US$50 million in November 2024. This refers to a growth of -13.5% compared to October 2024. Within the last 12 months, the monthly revenue share was the highest in March 2024 with 10.5% of the total 2024 revenue of the South Korean Bullion & Precious Metal market and the lowest in September 2024 with 6.9% of the total 2024 revenue.

Revenue Last Month

US$49.8m

The eCommerce revenue fell by 13.5% from October 2024 to November 2024.

11-2024-13.5%

Monthly revenue shares in the last 12 months

in %

Note: Data shown is using current exchange rates.

Source: ECDB analysis

0-20241-20242-20243-20244-20245-20246-20247-20248-20249-202410-202411-2024
Revenue (in mUS$)0.00.00.00.00.00.00.00.00.00.00.00.0
Monthly revenue share (in %)47.624.814.935.566.881.638.343.218.149.392.113.3

Market development

eCommerce revenue development in the Bullion & Precious Metal market in South Korea

The South Korean Bullion & Precious Metal eCommerce market is predicted to reach US$719.4 million by 2024 and accounts for 5.5% of the Hobby & Leisure eCommerce market in South Korea. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 6.5%, resulting in a projected market volume of US$926.6 million by 2028. The Bullion & Precious Metal eCommerce market is a sub-market of the Hobby & Leisure market. Further categories within the Hobby & Leisure market are: Camping & Adventure, Erotic & Adult, Flowers & Gifts, Media, Musical Instruments, Other Hobby & Leisure, Pet Supplies, Smoking Supplies, Sports Equipment, Stationery, Crafts & Art Supplies, and Toys.

eCommerce revenue development in the Bullion & Precious Metal market in South Korea

in million US$

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

eCommerce revenue growth in the Bullion & Precious Metal market in South Korea

in %

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

Net eCommerce revenue split by sub-category

in %

Note: Data shown is using current exchange rates.

Source: ECDB analysis

20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)64.824.837.820.298.21.893.798.0

Online share

eCommerce online share of the total Bullion & Precious Metal market in South Korea

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the South Korean Bullion & Precious Metal retail market, the online share is 26.2% and will decrease by an average of 0.5% to 25.7% by 2028.

eCommerce online share of the total Bullion & Precious Metal market in South Korea

in %

Note: Data shown is using current exchange rates.

Source: Statista Market Insights , ECDB analysis

20202021202220232024202520262027
Online share (in %)97.8%48.1%15.2%70.5%48.3%39.6%30.8%24.2%

Market definition

Definition of the Bullion & Precious Metal market within the Hobby & Leisure market

Market definition: Hobby & Leisure > Bullion & Precious Metal In the category Bullion & Precious Metal digital channels are used to sell a variety of products, including bars and coins made out of gold, silver, platinum or palladium and storage solutions. Not part of the category are jewelry and watches and precious metal investment services. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Bars and coins made out of gold, silver, platinum or palladium
  • Storage solutions

Out-of-scope

  • Jewelry and watches
  • Precious metal investment services